September 2024 Basic Needs and Nutrition Basket Statement: Addressing the High Cost-of-Living through Inclusive Socio-Economic Policies

The Jesuit Centre for Theological Reflection (JCTR) has reported a reduction in the Basic Needs and Nutrition Basket (BNNB) for September 2024, which stood at K10,478.04, reflecting a K191.29 decrease from August 2024 in Lusaka. This reduction was driven by price drops in key commodities such as Kapenta, vegetables, and charcoal. However, compared to September 2023, the BNNB has increased by K1,331.98, while incomes remain stagnant amidst an economic slowdown, largely caused by the ongoing energy crisis. The JCTR has also observed rising food prices in 2024, posing threats to food and nutritional security for many households. In response, the Centre recommends a range of policy measures, including scaling up social protection packages, enhancing cooperative participation in food production, timely delivery of farming inputs, and revising the minimum wage. Additionally, the Centre calls for a review of the tax system to incentivise local businesses and stabilisation efforts by the Bank of Zambia to manage inflation and currency depreciation. The JCTR emphasises the need for inclusive government solutions to ensure every Zambian leads a life of dignity amidst these challenges.